Course Description

Course Duration: 14, 16 & 19 March

• 3 Full Training Days.
  
• 18 Training Hours.
• 6 Hours per Day.

1. Introduction to business environment / Financial environment.
   a.Management goals.
   b.About financial, accounting, and finance.
   
   
2. About budgeting,
   a. Operating budgets (detailed).
   c. Investment budgets (general).
   
   
3. About analysis
   a. Types of financial analysis.
   b. actual versus budget analysis (general).
   
   
4. Introduction to cost accounting
   a. Cost theory.
   b. Cost elements.
   c. Different classifications of cost.
   d. Case studies.
   e. Cost functions.
   f. Cost behavior.
   g. Case study.
   h. About ABC & cost drivers (general).
   
   
5. Actual versus budget analysis (standard cost versus actual cost)
   a. Cost variances.
   b. Calculations.
   c. Case studies.
   
   
6. About the breakeven point,
   a. Determine the level of breakeven (quantity).
   b. Determine the level of breakeven (value).
   c. Case study.
   
   
7. Target Profit
   a. Using breakeven analysis to target profit.
   b. Case study.

Why this course ?

Program Objectives:

Staff enables to:

1. Understand the importance of cost control.
2. Understand the importance of budgets to control costs.
3. Monitor financial performance and identify variances.
4. Analyze variances.
5. Be aware of management influences of cost behavior.
6. Measure & mathematically express cost functions and use them to predict costs.